Graham Capital Management L.P. Makes New $254,000 Investment in Sally Beauty Holdings, Inc. (NYSE:SBH)

Graham Capital Management L.P. bought a new position in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,280 shares of the specialty retailer’s stock, valued at approximately $254,000.

Several other large investors also recently modified their holdings of the stock. Barclays PLC raised its position in Sally Beauty by 36.6% during the 3rd quarter. Barclays PLC now owns 212,159 shares of the specialty retailer’s stock worth $2,878,000 after purchasing an additional 56,879 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Sally Beauty by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 103,619 shares of the specialty retailer’s stock valued at $1,299,000 after buying an additional 5,296 shares during the period. KBC Group NV boosted its stake in Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 2,764 shares during the last quarter. R Squared Ltd acquired a new position in Sally Beauty during the 4th quarter valued at about $56,000. Finally, EMC Capital Management boosted its stake in Sally Beauty by 105.5% during the 4th quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 6,436 shares during the last quarter.

Sally Beauty Trading Up 0.9%

NYSE:SBH opened at $9.17 on Monday. The company has a current ratio of 2.27, a quick ratio of 0.44 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $934.92 million, a PE ratio of 5.49 and a beta of 1.33. The firm’s 50 day moving average is $8.52 and its 200 day moving average is $10.36. Sally Beauty Holdings, Inc. has a 12 month low of $7.54 and a 12 month high of $14.79.

Sally Beauty (NYSE:SBH) last posted its quarterly earnings results on Monday, May 12th. The specialty retailer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $883.15 million for the quarter, compared to analysts’ expectations of $901.00 million. Sally Beauty had a net margin of 4.73% and a return on equity of 30.35%. Sally Beauty’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Sell-side analysts expect that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley dropped their target price on shares of Sally Beauty from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 21st. DA Davidson dropped their target price on shares of Sally Beauty from $13.00 to $10.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com raised shares of Sally Beauty from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.70.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.